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(1). In finance, a term used to describe client assets currently managed by the firm. Usually used during sales staff meetings to encourage employees to get their existing clients to increase the size of their relationship with the firm, often through cross-pollination.
(1). A request or demand for a meeting (see pow wow) by an over-caffeinated middle manager to his much younger employees in a vain attempt to appear hip.
(1). A self-promoting way to describe a firm’s customer service or products, meant to imply that the firm is number one in the industry (a claim for which there is likely no basis and is highly disclaimed in the fine print at the back of the promotional material).
“Team, we’re rolling out our new value proposition to reaffirm to the world our best in class status in the industry.”
